Nev. Rev. Stat. § 350A.130 – Loans to municipalities by state purchase of municipal securities authorized

In order to:

1. Protect and preserve the property and natural resources of the State, and to obtain the benefits thereof; and
2. Assist municipalities in the acquisition, construction and equipping of public improvements,
the State Treasurer may make loans to municipalities by purchasing their municipal securities validly issued for a purpose related to natural resources or their revenue securities validly issued for a purpose related to any undertaking which the municipality is authorized to complete.

(Added to NRS by 1981, 768; A 1993, 2319)